By the end of his life, according to several contemporary sources,
Handel was worth at least 20,000 pounds, or 2.39 million pounds in today’s money.

His musical career was lucrative, despite occasional setbacks, but
Handel supplemented his income with opportunistic investments.

Like many other intellectuals living in London at the time, including Alexander Pope and Isaac Newton, Handel bought into the South Sea Co., the investment that was at the center of one of the world’s earliest and most devastating financial manias.

Unlike most of his peers, however, Handel got in early — and got out
early as well. According to Harris, he bought no later than 1716, long
before the price ran up, and appears to have sold by the middle of 1719,
at least one year before the bubble burst.

And once Handel got out, he stayed out; he didn’t re-enter the stock market until 1728, long after the mania had faded.

Harris estimates that Handel roughly doubled his money on his South
Sea bet, locking in a profit of approximately 15,000 pounds in today’s
terms.

What led the great composer to bail out of the bubble just as so many
investors were desperately piling in? Was he just lucky? Did he need
quick cash for a temporary spending need? Could the firmly disciplined
musician been uncomfortable singing the same tune as every other
investor? Harris doesn’t speculate, and we will probably never know....MORE

Since Mr. Zweig posted this article MIT has made Professor Harris' paper open access, here.